AUSTIN — Austin-based Woodland Property Group has arranged the sale of 2324 South Lamar, a retail property located in Austin. William Stringer of Austin-based Ausvest Commercial/Investment Real Estate represented the seller in the transaction. Blair Helgren of Woodland Property Group represented the buyer, an Austin-based real estate investment group.
Retail
FORT WORTH — Lane-Knight has plans to relocate its Camp Bowie Boulevard store to a 1,411-square-foot location on Crockett Street in West 7th, a 13-acre mixed-use development in Fort Worth. The boutique is slated to open in late summer 2012. Frank Bullock and Carey Shagets of SRS Real Estate Partners' Dallas/Fort Worth office, along with Roger Chieffalo of Fort Worth-based Chieffalo Realty, represented both the landlord and tenant in the lease negotiations.
CLEVELAND — Canton-based King Pin LLC has sold a Family Dollar Store in Cleveland for $1 million. Built in 2007, the 9,160-square-foot building is located at 3470 E. 93rd St. Family Dollar has about 4 years remaining on its lease. Dan Cooper of the Cleveland office of Cooper Commercial Investment Group represented the seller in the transaction. He also secured the buyer, a private group from California.
NEW YORK CITY — Pier 1 Imports is opening a new store in the Upper East Side. The home furnishings store signed a 17,5140-square-foot lease at 1110 Third Ave. The store will be Pier 1 Imports' second location in Manhattan. Jerry Welkis of Welco Realty represented the tenant in the transaction. Robert Futterman, Beth Rosen and Jackie Totolo of RKF represented the owner of the retail condominium, The Related Cos.
CORPUS CHRISTI — Cedar Falls, Iowa-based Lockard Cos. has joined Dolphin Ventures and EWB Development to develop Phase I of The Outlets at Corpus Christi Bay, a 281,526-square-foot retail development located at the Interstate 69 corridor at Highway 44 in Corpus Christi. Lockard will be active in developing and constructing the property and EWB will co-develop, market and lease the project. The Outlets is slated for a late 2013 opening.
AUSTIN — Dallas-based Brand Capital Partners has brokered the sale of a 44,000-square-foot land tract, located at the northwest corner of RR 620 and Wilson Park Avenue in Austin. The land is the site of a Whataburger ground lease. Jeff Brand and Ashley Bentler of Brand Capital represented the buyer, an Austin-based investor, in the transaction. Jason Middlebrook with SRS Real Estate Partners' Austin office represented the seller, 69 Grandview LP.
HILLSBORO, ORE. – A 12,000-square-foot retail building in Hillsboro's Tanasbourne area has sold to an unnamed buyer for $4.5 million. The building is currently fully leased to two medical tenants, including Aspen Dental and Concentra Health. Both recently signed 10-year leases at the property after the building was retrofitted. Chris Johnson, MaryKay West, Denis O'Neill and J.J. Unger of NAI NBS represented the seller, Quattro Hillsboro LLC, in this transaction.
SANTA CRUZ, CALIF. — Forever 21 will occupy the 22,508-square-foot space in downtown Santa Cruz that was previously home to Borders bookstore. The fashion retailer will move into the building in August after the remodeling has been completed. Stuart Zall of the Zall Company and Neal Berkowitz of Newmark Knight Frank represented the landlord, Redtree Properties, L.P., in this transaction.
MAPLE LAWN, MD. — A retail property located in Maple Lawn that is ground leased to McDonald's on a long-term, triple-net basis, has sold for $2 million. Rick Fernandez of Calkain Cos.' Reston, Va., office represented both parties in the transaction.
TINLEY PARK, ILL. — DDR Corp. has acquired Brookside Marketplace in Tinley Park, a southwest suburb of Chicago, for $47.4 million. Brookside is a 550,000-square-foot shopping center. Anchor tenants include Best Buy, Dick's Sporting Goods, Old Navy and PetSmart. Rick Drogosz and Joe Girardi of Mid-America Real Estate Corp. represented the seller, Ryan Cos. Inc., in the transaction.